Miranda Gold Adds New Project to
VANCOUVER, BC - Miranda Gold Corp. reported that it has staked 122 unpatented lode claims in the Roberts Mountains in Eureka County, Nevada approximately 26 mi northwest of the town of Eureka. The project is on the southern end of the Battle Mountain-Eureka Trend and covers approximately 3.8 square mi.
The property lies along the margin of a north-trending window that exposes lower-plate Devonian-age limestone through the Roberts Mountains Thrust. Similar Devonian age limestone is a favorable host for sediment-hosted gold systems elsewhere on the Battle Mountain Eureka Trend.
The TAZ project shows alteration and geochemistry consistent with sediment-hosted gold deposits, favorable host rocks, and historic drilling that encountered significant gold mineralization. The sediment-hosted gold deposits Chert Cliff, Afgan-Kobeh, Gold Ridge and Gold Bar are clustered from 2 to 8 mi from TAZ project. The Gold Bar deposit which contained a gold resource exceeding one million ounces is 8 mi to the southwest and is a target analogue for the TAZ project.
In 1996, BHP Minerals International drilled VC96-8 on the south end of the claim block. This hole-includes 70 ft of 0.042 oz Au/t from 215-285 ft (21.3 m of 1.44 g Au/t from 65.5-86.9 m) within a 135 ft zone of 0.025 oz Au/t from 215-350 ft (41.2 m of 0.86 g Au/t from 65.5-106.7 m). The drill hole ended at a depth of 350 ft (106.7 m) with the last five-foot (1.5 m) sample returning 0.005 oz Au/t (0.175 g Au/t) within Devils Gate Limestone.
Regionally, stratigraphic hosts for gold mineralization occur in silty debris flow units within the Denay Formation, below the Devonian Devils Gate Limestone. At TAZ, an initial and straight forward target would be to offset drill hole VC96-8 and drill deeper to test for more robust gold mineralization in the underlying Denay which is conventionally inferred to be a better host than the Devils Gate Formation. Miranda intends to conduct geologic mapping and surface sampling to identify additional drill targets.
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